What changed
KLX Energy Services updated its 2026 third quarter revenue guidance to a range of $180 million to $185 million, representing a 9% sequential improvement over the second quarter of 2026. The company also provided an Adjusted EBITDA Margin range of 13% to 14%, an approximately 200 basis point sequential improvement, with Adjusted EBITDA expected to improve by approximately 30% at the midpoint. The company cited a full quarter of contribution from the Wolf Pack acquisition and remains on track to achieve its $2.5 million annual synergy target. The offering period for the company's $125 million equity rights offering has ended.
Why it matters
KLX Energy Services updated its 2026 third quarter revenue guidance to a range of $180 million to $185 million, representing a 9% sequential improvement over the second quarter of 2026. The company al